Last updateTue, 07 Jul 2020 11pm

Bob Carroll

The Best Policy: Vaulting mistakes - Building a vault the “Wright” way

The basics: safe vs. vault.

A safe is a securely constructed box of a size which could be anything from that of a mailbox to a double refrigerator.  Typical UL ratings for safes are TL-15, TL-30, TRTL-30, TL-15x6, and TRTL 30x6.  Underwriters Laboratories rates burglary resistance of safes in terms of minutes, not hours.

A vault is a room of securely constructed walls, ceiling, and floor in combination with a burglary-rated door. The UL ratings for vaults and vault doors are (ascending order) Class M, Class I, Class 2 (II), and Class 3 (III).  Be aware that there are vault-appearing doors with combination locks which are rated for fire protection, intended primarily for document storage.

The Best Policy: The Burglary Next Door and the wisdom of safe placement

Jeweler Perry Reeba had two good safes for his level of inventory - they were not the highest rated safes by any means, but they met his insurance company’s requirements for a store with his amount of inventory.  Both safes were described by the manufacturer as a “UL TL 30.”   Perry could have bought a single, higher rated safe, but he had reasoned that the two lesser-rated safes would cost about the same or less, and he would have the advantage of being able to split his merchandise into two containers. 

The Best Policy: The Tiger Waits - Focus on the recent increase in jeweler-at-home attacks

der Wright and Diamonds” jewelry store, did not know that he had been targeted as the next victim of a gang of professional jewelry thieves.

The baddies already knew a great deal about Alex - and his family. They had been watching his store for three days. To begin with, two of the gang, pretending to be man and wife, had gone into the store ostensibly to shop for a diamond bracelet, which they bought, and in the process they met Alex face-to-face, discovered him to be very friendly, and chatted him up a bit.

The Best Policy: How good is your alarm system?

A layman’s explanation of Line Security

You are a parent and your daughter is about to leave on her first long-distance driving trip.  You’ve given your permission and you know she is a good driver; still you are apprehensive because she must make the drive overnight and alone.

Your daughter will have her cell phone with her and she promises that if she has any trouble at all on the long drive she will not hesitate to call you; and also that she will call you as soon as she arrives at her destination.

The Best Policy: Setting Limits - Two jewelers, two losses... two insurance policies

1.  Amy Thist never saw a need to carry anything other than standard business insurance for her jewelry business, and so she purchased a “business package” policy that provided general business liability insurance along with $475,000 on her “Business Personal Property.” Amy arrived at that coverage limit by adding her jewelry inventory of $400,000 to the $75,000 that she estimated she had in furnishings, improvements, fixtures, and equipment.  The premium was substantial, and an agent who didn’t ask for a lot of details was willing to sell Amy a general business insurance policy with the limit that she requested.

The Best Policy: A tale of two casings

The gang of two men and one woman were driving through the city, the streets of which they were still becoming familiar with. Earlier in the day, using telephone listings, the local newspaper, and even the hotel “tourism” magazine, they had selected a few jewelry stores that they considered to be potential targets for their “specialty” – armed robbery. Today with on-site “visits,” they would narrow the field to one.